Fiat stock soars on Chrysler deal, but unions worry

January 3, 2014 

Stock in Fiat soared on news the Italian automaker will take full ownership of Chrysler, but some Italian unions worried what the deal will mean for jobs and investments in the country.

In a New Year’s Day announcement, Fiat Spa said it could complete its acquisition of Chrysler without having to raise new capital through a rights issue.

Investors cheered the fact, bidding the shares up 12 percent on the Milan exchange. The stock was up by as much as 15.8 percent earlier in the day.

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